Home Values

Town of Newfane Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$103,000

  • -0.4% 1-year change
  • 0.6% 1-year forecast

The median home value in Town of Newfane is $103,000. Town of Newfane home values have declined -0.4% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in Town of Newfane is None.

Foreclosures will be a factor impacting home values in the next several years. In Town of Newfane 4.1 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Town of Newfane is 7.8%, which is higher than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Town of Newfane homeowners underwater on their mortgage is 9.4%.

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Relative ZHVI
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Town of Newfane Market Overview

Data through Apr 30, 2015
  • $103,000 ZHVI
  • 0.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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Town of Newfane Market Health

Data through Apr 30, 2015
  • 7.5/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 9.4% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 7.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Pendleton $173,500
Cambria $147,900
Somerset $129,900
Name Median ZHVI
Town of Wilson $128,500
South Lockport $122,800
Royalton $119,000
Name Median ZHVI
Olcott $112,300
Hartland $96,400
Town of Lockport $95,200

Listings & Sales

  • No data
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Town of Newfane Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,232 Buffalo Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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